In the world of big oil, the strong survive for a price.
When examining the history and evolution of oil companies it’s no surprise the 10 biggest were all conceived from mergers and acquisitions. Thanks to VisualCapitalist, we can see how M&A’s played a prominent role in constructing the world’s biggest oil powerhouses.
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“Looking at a century of mergers and acquisitions, it becomes clear that these companies were not always giants. They became their current size through various mergers and acquisitions that happened over the course of the last century, and it is these economies of scale that has allowed them to generate the kind of revenue they do today.”